custodian BitGo Trust Company is adding support for the BCAP security from venture capital firm Capital.
Revealing the exclusively to CoinDesk on Tuesday, BitGo said clients can now compliantly their BCAP assets using the regulated firm’s custody services, as well as in a new multi-signature for the ERC-20-based .
Speaking as to why the VC firm had opted to partner with BitGo for custody, Brad Stephens, co-founder and managing partner of Capital, said: “We wanted to ensure that our custody solution for BCAP would be completely secure while easy to manage.”
Capital BCAP in April 2017, with each representing shares in the Capital III Digital Liquid Venture Fund. Effectively, it offers holders exposure to the underlying assets of Capital, which invests in early stage companies in the digital assets space.
BCAP is tradable on secondary platforms allowing investors to “benefit from the opportunity for liquidity in those assets,” according to BitGo. Back in January, regulated alternative system (ATS) SharesPost a secondary trade of BCAP in a milestone proof-of-concept transaction.
“Security are an increasingly important asset class for institutional investors,” said BitGo chief technology officer Ben Chan.
BitGo supports over 100 and , and says it has over $2 billion in assets held in its wallets.
Earlier this year, security platform TokenSoft that it is rolling out what it described as the first cold-storage custody service designed specifically for security .
Featured image courtesy of BitGo
Published at Tue, 19 Mar 2019 13:03:20 +0000
